132.25 Creation and maintenance of sinking fund.
41 words·~1 min read·
/fl/title-xi/chapter-132/132-25·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The governing authority of any unit in contracting for the sale of any bonds may provide for the creation and maintenance of the necessary sinking fund out of proceeds of sales of lands, and levy of taxes, and proceeds of mortgages.